Several other analysts also recently issued reports on SMMCF. Canaccord Genuity Group downgraded shares of Summit Industrial Income REIT from a “buy” rating to a “hold” rating and increased their price objective for the company from C$22.00 to C$23.50 in a research report on Tuesday. Raymond James downgraded shares of Summit Industrial Income REIT from an “outperform” rating to a “market perform” rating in a research report on Tuesday. TD Securities increased their target price on Summit Industrial Income REIT from C$19.50 to C$22.00 in a research note on Thursday, August 11th. Finally, Scotiabank reduced their target price on Summit Industrial Income REIT from C$22.00 to C$21.50 in a research note on Friday, October 28th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Summit Industrial Income REIT presently has a consensus rating of “Hold” and an average target price of $23.44.
Summit Industrial Income REIT Stock Performance
OTCMKTS:SMMCF opened at $16.65 on Tuesday. Summit Industrial Income REIT has a 12-month low of $11.84 and a 12-month high of $18.83. The company’s 50-day moving average is $13.36 and its two-hundred day moving average is $14.00.
Summit Industrial Income REIT Company Profile
Summit Industrial Income REIT is an unincorporated open-end REIT focused on growing and managing a portfolio of light industrial and other properties across Canada. Summit II's units are listed on the TSX and trade under the symbol SMU.UN.
- Get a free copy of the StockNews.com research report on Summit Industrial Income REIT (SMMCF)
- Is Triple-Digit Growth Ahead For Digital Ad Platform Trade Desk?
- EV Maker Lucid Falls On Declining Orders, Rivian Up On Guidance
- DoorDash Outperforms Despite Losses – Is It Time To Buy?
- Analysts Rate DraftKings a Moderate Buy As Growth Slows
- Goodyear Tire & Rubber Stock is Becoming a Mighty Good Bargain
Receive News & Ratings for Summit Industrial Income REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Industrial Income REIT and related companies with MarketBeat.com's FREE daily email newsletter.